Kelman Lazarov Inc. Has $1.58 Million Stake in Atmos Energy Corporation (ATO)

Kelman Lazarov Inc. lowered its stake in Atmos Energy Corporation (NYSE:ATO) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,003 shares of the utilities provider’s stock after selling 117 shares during the period. Kelman Lazarov Inc.’s holdings in Atmos Energy Corporation were worth $1,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATO. Huntington National Bank boosted its position in Atmos Energy Corporation by 50.0% in the second quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock valued at $124,000 after buying an additional 500 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in Atmos Energy Corporation during the second quarter valued at approximately $1,783,000. Forsta AP Fonden boosted its position in Atmos Energy Corporation by 658.1% in the second quarter. Forsta AP Fonden now owns 88,700 shares of the utilities provider’s stock valued at $7,358,000 after buying an additional 77,000 shares during the period. Whittier Trust Co. boosted its position in Atmos Energy Corporation by 0.4% in the second quarter. Whittier Trust Co. now owns 71,464 shares of the utilities provider’s stock valued at $5,928,000 after buying an additional 265 shares during the period. Finally, US Bancorp DE boosted its position in Atmos Energy Corporation by 65.3% in the second quarter. US Bancorp DE now owns 23,437 shares of the utilities provider’s stock valued at $1,944,000 after buying an additional 9,260 shares during the period. Institutional investors own 71.82% of the company’s stock.

Atmos Energy Corporation (ATO) traded up 0.17% during mid-day trading on Wednesday, reaching $87.05. 38,340 shares of the company traded hands. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $87.05. The stock has a market capitalization of $9.17 billion, a PE ratio of 23.16 and a beta of 0.38. The firm’s 50-day moving average is $83.98 and its 200 day moving average is $80.01.

Atmos Energy Corporation (NYSE:ATO) last posted its earnings results on Wednesday, May 3rd. The utilities provider reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.10. During the same period last year, the business earned $1.40 earnings per share. On average, equities research analysts expect that Atmos Energy Corporation will post $3.60 earnings per share for the current year.

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Several research analysts have commented on the stock. BidaskClub upgraded shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays PLC restated a “sell” rating and set a $76.00 price objective on shares of Atmos Energy Corporation in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, June 27th. Argus boosted their price objective on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $89.00 price objective (up previously from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Atmos Energy Corporation presently has a consensus rating of “Buy” and a consensus target price of $84.86.

Atmos Energy Corporation Company Profile

Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

Institutional Ownership by Quarter for Atmos Energy Corporation (NYSE:ATO)

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